Automotive and business brief
AI-generated summary · not individually reviewed · check the linked sources
Snapshot
- Franco-German draft softens 2035 CO₂ to ~80% and narrows Made-in-Europe to EU27 + UK/Norway opt-in — but SPD still blocks a final deal; European Council invites the automotive package by year-end
- TE Connectivity launches TE MINI FAKRA: up to 9 GHz RF and 24 Gbps for ADAS, cameras, V2X and digital cockpits
- Volvo Cars expands NVIDIA partnership: Hyperion, Halos and Alpamayo for door-to-door supervised automated driving
Top Developments
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Franco-German draft softens 2035 CO₂ to ~80% and narrows Made-in-Europe to EU27 + UK/Norway opt-in — but SPD still blocks a final deal; European Council invites the automotive package by year-end
On the sidelines of the 15–16 Oct European Council, Paris and Berlin circulated a draft quid-pro-quo on the automotive package and the Industrial Accelerator Act. AFP and Agence Europe report the draft would keep a 90% CO₂ cut for new cars by 2035, drop the Commission’s residual 10% green-steel / credit compensation, extend ‘super-credits’ beyond small affordable EVs, and (per Politico) allow a further ~10% leeway via alternative fuels — i.e. an effective ~80% path.…
AI-generated summary · not individually reviewed · check the linked sources
Sources: AFP (15 Oct, 19:35) · POLITICO (15 Oct, 23:22 CEST) · Agence Europe (15 Oct) · Consilium conclusions (16 Oct)
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TE Connectivity launches TE MINI FAKRA: up to 9 GHz RF and 24 Gbps for ADAS, cameras, V2X and digital cockpits
On 15 Oct TE Connectivity introduced its TE MINI FAKRA connector system for connected, automated and software-defined vehicles. The company cites RF performance up to 9 GHz and data rates up to 24 Gbps (subject to validation and configuration), a compact footprint, anti-stubbing mating robustness, controlled insertion force, and compatibility with established Mini FAKRA interfaces and cavities. Named applications: ADAS, surround-view and front cameras, V2X, antenna modules, and digital cockpit / infotainment.…
AI-generated summary · not individually reviewed · check the linked sources
Sources: TE Connectivity press release (15 Oct) · Electronics For You summary (15 Oct)
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Volvo Cars expands NVIDIA partnership: Hyperion, Halos and Alpamayo for door-to-door supervised automated driving
On 15 Oct Volvo Cars and NVIDIA said they are expanding their collaboration (since 2017) so future Volvos can navigate highways, urban streets and parking door-to-door using NVIDIA’s Hyperion sensor/compute architecture, Halos OS and Alpamayo Stack driving software, paired with Volvo’s safety systems. Debut is planned in a next-generation Volvo as part of the company’s largest-ever product push, with a gradual path toward eyes-off / mind-off features.…
AI-generated summary · not individually reviewed · check the linked sources
Sources: Volvo Cars media (15 Oct) · NVIDIA Newsroom (15 Oct)
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Aumovio (ex-Continental Auto) and Chery extend cooperation to Europe; first step is EU-built airbag control units
On 15 Oct Aumovio said it will help Chery establish future vehicle production in Europe under Chery’s ‘Joint Initiative for Building a Sustainable Automotive Supply Chain in Europe’. Aumovio will contribute its portfolio, R&D, European plants and regulatory expertise. First concrete award: airbag control units (ACU) for Chery models produced in Europe, manufactured in Aumovio’s European plants. The pair already cooperate in China on brakes, ECUs, passive/active safety, sensors and displays.…
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Sources: next-mobility / Aumovio coverage (15 Oct) · Dow Jones via Morningstar (15 Oct)
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Chery picks Bosch for first localized European ADAS programme: six models, MPC4 + drive/park, >800k units, SOP 2028
Chery and Bosch signed a Paris project agreement for Chery’s first localized European ADAS programme covering six new models. Scope includes Bosch’s fourth-generation multipurpose camera (MPC4) and an integrated driving-and-parking system based on that camera. Series production is scheduled from 2028 with projected output above 800,000 units over five years. Model names, plants and financials were not published.…
AI-generated summary · not individually reviewed · check the linked sources
Sources: Gasgoo (14 Oct) · N24 / Yicai–Cailian corroboration (14 Oct)
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Li Auto enters Europe: Li 6 deliveries in Netherlands and Norway from Q1 2027; Dutch parts RDC from December 2026
At the Paris Motor Show Li Auto unveiled its European strategy and the European-market Li 6 — an 800 V BEV with 5C charging and Europe-tuned chassis. Deliveries start in the Netherlands and Norway in Q1 2027, with gradual expansion thereafter. The company will stand up local sales, delivery and aftersales, including a regional spare-parts distribution centre in the Netherlands, roadside assistance and a call centre from December 2026.…
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Sources: Just Auto (15 Oct)
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Copper retreats after Escondida ratification; Centinela strike continues and El Teniente’s open pit stays shut
With Escondida supervisors’ 36-month deal ratified, Mining.com reports Comex December copper fell about 1.2% on 15 Oct to ~$6.58/lb (~$14,508/t) — a third straight down day and ~4.5% below the 9 Sep record. LME three-month traded near $14,360/t. Saxo and Capital.com cite the removed Escondida strike premium plus hotter US inflation / stronger dollar and an AI-chip equity sell-off.…
AI-generated summary · not individually reviewed · check the linked sources
Sources: Mining.com (15 Oct) · Cochilco La Rueda (15 Oct PDF)
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Schmidt Light Metal (Portugal) closes: 318 jobs gone after VW orders collapse post-MBO
Schmidt Light Metal, a high-pressure aluminium die-caster in Oliveira de Azeméis (Aveiro) that supplied almost exclusively the Volkswagen Group, stopped production on 30 Sep and is dismissing its entire 318-person workforce; most contracts end 7 Dec and the site is to close by year-end. RTP and Portuguese press say workers were told of collective dismissal in August.…
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Sources: RTP (Oct 2026) · The Portugal Brief / JN–JNegócios (13 Oct)
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Lear to close Sterling Heights (ex-M&N Plastics) molding plant — 67 jobs; electrical & connectors plastics support
Lear filed a Michigan WARN for a facility closure at Sterling Heights affecting 67 workers, effective 9 Nov 2026. Automotive News notes the site is the former M&N Plastics injection-molding plant Lear said in 2021 it needed for plastics in its electrical and connectors business. Crain’s Detroit likewise reports the Macomb County molding plant closure and 67 layoffs (9 Oct).
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Sources: Michigan WARN record via xh1b (filed ~9 Oct; effective 9 Nov) · Automotive News (9 Oct)
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Elrad WS-S (Slovenia) expands Serbian wiring-set capacity: ≥€10.1m, 215 jobs, €3.015m state aid by end-2028
Serbia’s Economy Ministry signed an incentive deal (24 Sep; reported early/mid-Oct) with Elrad WS-S of Vlasotince for a brownfield wiring-set plant in Malošište. Minimum investment €10.1m in building reconstruction and new equipment; at least 215 permanent hires by end-2028; state support €3.015m in four tranches. Elrad Group makes cable sets and electrical equipment for motor vehicles; key markets include the EU, Switzerland, UK, Serbia and Turkey.…
AI-generated summary · not individually reviewed · check the linked sources
Sources: eKapija (11 Oct) · Serbia Business / state-aid analysis (7 Oct) · B92 (Serbian)
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Huizhong (SHAC) gets Serbian state aid for first European chassis plant near Novi Sad; BMW named as a customer
Under the same early-October Serbian state-aid disclosures, Chinese-owned Huizhong Automobile Chassis System (Shanghai Huizhong / SHAC) will invest at least €33.5m in chassis systems in Kać near Novi Sad, create 50 permanent jobs by end-2029, and receive about €5.03m in incentives (~15% of committed capex). The ~19,000 m² plant is SHAC’s first European manufacturing base and is intended to sit inside European OEM supply chains; public reporting cites BMW among expected customers.
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Sources: Serbia Business (7 Oct)
Watch Next
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Earnings Calendar — Next 7–10 days
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Market data: TradingView, Yahoo Finance (delayed). Not investment advice.
Financial Headlines / Market Snapshot
- Li Auto enters Europe: Li 6 deliveries in Netherlands and Norway from Q1 2027; Dutch parts RDC from December 2026
AI-generated summary · not individually reviewed · check the linked sources
Source: Just Auto (15 Oct)